Editor’s note: This is the latest update from Sound & Video Contractor.
Seven months after the deal was announced, LG Display has completed the sale of its final LCD manufacturing plant to TCL. The sale is part of LG Display’s larger strategy of reallocating resources to focus on its OLED business. Located in Guangzhou, China, the factory was purchased by TCL for approximately $1.5 billion. TCL has announced that it has renamed “T11” and has already begun production at the location, which will ramp up over the coming months to full-scale production.
“We have completed the transaction approval and commercial registration procedures for the shares of LG Display’s Guangzhou panel factory (CA corporation) and module factory (GZ corporation),” said TCL in its announcement.
Following the acquisition of the Guanzhou plant, TrendForce reports that TCL CSOT’s LCD production lines now include two 6th-generation, four 8.5th-generation, one 8.6th-generation, and two 10.5th-generation lines.
